When will gas prices go down in Utah? Why does the price of gas in the state continue to rise? These are the questions asked by the residents of Utah, especially drivers in the state.
Usually, we depend on the price of gas for many things. Apart from our individual expenses, it also contributes to the general cost of living and can lead to inflation if not controlled.
It is not different for residents of Utah, who are complaining about the continuous and slow increase in the price of gas n the state.
Read our recent article to find out when gas prices in Utah will go down. Plus, the current gas prices in the state. And more!
Why are Utah gas prices rising?
According to reports, especially after Gov. Spencer Cox concerning the limited refining capacity in the state, gas prices in Utah started rising due to a low supply of gas, which cannot meet the demand for gas in the state. In other words, Utah has started importing gas from other states, which simply means that the cost of importing gas has added to the recent increase n the price of gas.
How much is gas in Utah right now?
Gas prices in Utah have been changing since 2023. There is no stable price of the commodity in the state. However, residents of the state can use the table to know the current price of gas in Utah and how it has changed in 2023.
|Week Ago Avg.||$4.135||$4.367|
|Month Ago Avg.||$4.098||$4.335|
Where does Utah get its gasoline?
The gas that enters Utah does not have only one source. Salt Lake City’s refineries, for instance, transport gas to markets in Utah, Idaho, Nevada, Wyoming, eastern Washington, and Oregon. In addition to that, Utah gets gas from pipelines connecting refineries in Wyoming and Montana.
How cheap is gas in Utah?
Residents of Utah can buy cheap gas n some gas stations; however, gas in the state cannot be as cheap as gas in states like Texas, Arkansas, and Oklahoma. The average price of gas in Utah is contained in the table below.
|Week Ago Avg.||$4.02||$4.21|
|Month Ago Avg.||$3.91||$4.08|
When will gas prices go down in Utah?
So, when will gas prices go down in Utah? To be honest, there is no guarantee that gas prices will go down in Utah any time soon. Gas prices are determined by many factors, which include the global price of crude oil, the cost of importation, the demand and supply of the product, and the time of the year.
Therefore, gas prices may go down in Utah f any or all of these factors favor gas usage in Utah. Moreover, the seasonal factors will make gas prices not go down in Utah, especially during Memorial Day.
What is the cost of gas in Utah in comparison to other states?
If you ask, when will gas prices go down in Utah? You may also like to know how it compares with other states in America, you will see that in the table below.
Why is gas cheaper in Colorado than in Utah?
In the history of gas prices in America, western states like Utah, California, Hawaii, and Florida have higher gas prices because of the cost of importing gas into these states. For this reason, gas prices in Utah are higher than it is in Colorado because Utah imports more than 70% of its crude oil. Moreover, crude oil is expensive right now, adding to the cost of gas in the state.